The University of Wisconsin-Oshkosh announced Tuesday it is offering eligible faculty and staff a voluntary retirement buyout with a one-time payment equal to 50% of an employee's annual base salary.

UW-Oshkosh becomes the third campus within the UW System to offer buyouts in an effort to reduce its workforce in the face of state budget cuts. UW-Eau Claire was the first, followed last week by UW-Superior.

UW-Oshkosh expects about 100 employees would be eligible. It has set a goal of reducing its workforce by 80 within the next three years.(109)